Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1887-08-03
THE CITY WATER WORKS.
the WORK PROGRESSING As
WELL As COULD BE Ex-
PECTED.
TWO WELLS SUNK AND THE THIRD
ONE STARTED.
Water In Great Quantities.
The Quality Said to be Good but will
be sent to Minneapolis to be
Analysed.
A Suggestion as to the Disposal Of
A Suggestion as to the Disposal Of
the bonds to be Issued.
The Work on the Wells.


Aswork on the wells for the new system
of water works progresses, they also
increase IN attraction. and are being con-
stantly visited by the citizens who are
anxious to see how they are getting
along with the work.
So far only two wells have been sunk,
the work being necessarily delayed for
lack of machinery and material. The
steam pump came last week, and the
balance of the material, cement, lime, etc.,
came Monday, and everything is now
ready for business.
Water is found in great abundance in
the two put down, and there IS no doubt
but the supply will be all that is needed.
The water found so far at the depth gone,
Is soft, and of superior quality. A
sample of the water will be sent to Min.
| neapolls for analYzatlon, that we may
know for surety it is free from all i'm
purltles.
Monday forenoon work was delayed,
owing to one of the wells bullying in at the
bottom, and it was feared would cave if
sunk deeper. After due consultation
of the council 1t was decided to leave the
first we'll and commence the third one
farther back in the park, and work was
once more resumed. 1t is the intention
to have mains laid to the Milwaukee
depot and ON the main streets this fall
and complete them in the spring. 1t
will be done if the pipe can be secured.
THE BOND QUESTION.
The bonds to be issued for the water
works are beginning to receive consid-
cradle attention. One or two eastern
brokers have been written, and as usual
they want a premium on them.
Now it has been suggested, and We
think the suggestion good one, that the
bonds be issued in small denominations
say 800, and be disposed of here at
home. The bonds will be issued to run
twenty to thirty years, will be transfer"
bic and draw six per cent, interest and the
security just as good as government
coupon interest payable annually.
If you have bond and want to buy
house, or farm, or any other property,
the bond is transferable, and just as
good as cash, as it is drawing interest
and the security absolutely safe.
Now a good many men right here in
Austin have trom$100 to $500, deposited
in the bank or laying idle, from which
they are receiving no benefit. Now by
investing in these bonds, your money is
secure, and it is bringing you good rate
of interest.
This matter has been quite extensively
discussed lately, and some have express
ed willingness to invest their money In
city bonds. Let the bonds be disposed
of here at home, and thus keep the
money IN our OWE community.
rather than sell them to eastern capital
lst to let them reap all the profits.
What do you think of the proposition?
If youlhaye not given it q thought. stop
and consider the question. If you want
any information. call on Major French,
and he will explain to y ou how the bonds
are issued, the rate of interest, length
of time they run, and in fact anything
you want 10 know about them. We
shall have more to say about thit subject
in the future.